Overview
What is Madison County Community Foundation Inc?
Madison County Community Foundation Inc is a nonprofit organization situated in Anderson, Indiana, specifically at 911 Meridian Street, 46016. Their primary mission is to enhance the quality of life for the citizens of Madison County by proactively attracting charitable gifts, actively seeking grants, and responsibly dispensing philanthropic grants in response to local community needs. They serve the community both directly and indirectly, acting as a responsible financial steward and influential community leader. The organization's activities revolve around managing grants and expenditures in accordance with donor restrictions and the purpose of specific endowment funds. With a team of six dedicated individuals, they strive to improve the well-being of their community.
Official website here: www.madisonccf.org
What are the reviews and ratings of this charity?
97% rating from Charity Navigator indicates that Madison County Community Foundation Inc has achieved a Four-Star out of Four Star rating, reflecting a strong commitment to accountability and financial management. The overall score is derived entirely from their exemplary performance in the Accountability & Finance category, highlighting their reliability and transparency.
The organization boasts a fully independent board, with all members meeting the criteria for accountability. Additionally, their financial oversight practices are robust, featuring comprehensive audits and policies in place to manage potential conflicts of interest and ensure proper document retention. Their low liability to asset ratio and significant program expense ratio further underscore their dedication to effectively directing resources toward their mission.
While the organization has received high marks across various metrics, the program expense ratio indicates that 67.41% of their expenses are allocated to programs, which may suggest room for improvement in maximizing program-related spending. Overall, Madison County Community Foundation Inc appears to be a well-managed nonprofit with a strong focus on accountability and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Madison County Community Foundation Inc legitimate?
Madison County Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison County Community Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $43,273
Professional Fundraising Fees: $0
Other Salaries and Wages: $153,856
For more financial information, click here
Official website here: www.madisonccf.org
What is the mission statement of Madison County Community Foundation Inc?
The Madison County Community Foundation Inc is committed to enhancing the quality of life for its community members. They achieve this by attracting charitable gifts and seeking grants, utilizing the funds to make philanthropic grants in response to identified community needs. The organization also ensures responsible financial stewardship and plays a significant role in community leadership. Its philanthropic activities aim to address the needs of the Madison County, Indiana community at large, managing expenditures in accordance with donor restrictions or specific endowment fund purposes.
Official website here: www.madisonccf.org
Who is the CEO of Madison County Community Foundation Inc?
Tom Beeman is the Chair of Madison County Community Foundation Inc.
Official website here: www.madisonccf.org
What is the revenue of Madison County Community Foundation Inc?
Madison County Community Foundation Inc's revenue in 2022 was $3,500,776.
Official website here: www.madisonccf.org
Who are the executives of Madison County Community Foundation Inc and what are their salaries?
The average compensation at Madison County Community Foundation Inc during 2022 was $32,855. There are 6 employees and 14 volunteers at Madison County Community Foundation Inc.
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- Compensation: $44,360
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Official website here: www.madisonccf.org
Where can I find the form 990 for Madison County Community Foundation Inc?
Madison County Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.madisonccf.org
Learn more at the official website: www.madisonccf.org
Mission Statement of Madison County Community Foundation Inc
Madison County Community Foundation Inc is dedicated to improving the lives of its community members. Their mission is multifaceted, encompassing the attraction of charitable gifts, seeking grants, and making philanthropic grants in response to community needs. This organization acts as a steward of these resources, ensuring they are distributed responsibly and in line with donor restrictions or the purpose of specific endowment funds. By doing so, Madison County Community Foundation Inc serves as a catalyst for positive change in the community at large, demonstrating commendable leadership and financial management skills. Their primary goal is to enhance the quality of life for the citizens of Madison County, Indiana.
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Impact
October, 2024
Madison County Community Foundation Inc significantly enhances the quality of life for residents of Madison County, Indiana, by attracting charitable contributions and securing grants to address pressing community needs. Through responsible financial stewardship and community leadership, it administers a variety of philanthropic grants aligned with donor intentions and specific endowment purposes. This foundation directly impacts individuals and organizations within the community, fostering improved resources and opportunities that benefit all citizens. By responding proactively to local challenges, it plays a vital role in nurturing a vibrant, engaged community.
This information is meant to be a general summary of Madison County Community Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,392,639
- Program Service Revenue: $420,812
- Gross Receipts: $6,340,616
Assets and Liabilities:
- Total Assets: $25,862,670
- Total Liabilities: $1,750,370
- Net Assets: $24,112,300
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$420,812
Organization Details
Founding Year
1992
Phone
(765) 644-0002Principal Officer
Tom Beeman
Main Address
911 MERIDIAN STREET, ANDERSON, IN, 46016
Website
www.madisonccf.orgNTEE Category
Code: T310 - Philanthropy
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